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can you help me with this one. Tragic Company provided the...

can you help me with this one

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Tragic Company provided the following data for purchases and sales: Purchases Sales Units Unit cost Cost Units Revenue 2018 5,000 50 250,000 4,000 280,000 2019 9,000 60 540,000 7,000 630,000 2020 15,000 75 1,125,000 12,000 1,200,000 Required: Compute the gross income for 2020 assuming a FIFO cost formula.

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Step-by-step explanation

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